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At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.   Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?    a) 321 Debt Securities Hs. Credited 7.500 TL  B) 647 Rediscount Interest Income Hs. Creditor 7.500 TL  NS) 657 Rediscount Interest Expenses Hs. Borrower 7.500 TL  D) 647 Rediscount Interest Income Hs. Borrower 7.500 TL  TO) 321 Debt Securities Hs. Borrower 7.500 TL

At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.   Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?    a) 321 Debt Securities Hs. Credited 7.500 TL  B) 647 Rediscount Interest Income Hs. Creditor 7.500 TL  NS) 657 Rediscount Interest Expenses Hs. Borrower 7.500 TL  D) 647 Rediscount Interest Income Hs. Borrower 7.500 TL  TO) 321 Debt Securities Hs. Borrower 7.500 TL

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 22CE: Cornerstone Exercise 9-22 Reporting Long-Term Debt on the Balance Sheet Dennis Corp. has the...
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37-a

At the end of the operating period, a rediscount of 7.500 TL has been calculated for the debt securities.
 
Accordingly, which of the following accounts is correct to use in the posting to be made at the end of the period ?
  
 a)

321 Debt Securities Hs. Credited 7.500 TL
 B)

647 Rediscount Interest Income Hs. Creditor 7.500 TL
 NS)

657 Rediscount Interest Expenses Hs. Borrower 7.500 TL
 D)

647 Rediscount Interest Income Hs. Borrower 7.500 TL
 TO) 321 Debt Securities Hs. Borrower 7.500 TL
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